U.S. - Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electric Oven and Cooker in the United States - 2023
Contents:
- Price for Electric Oven and Cooker in the United States (CIF) - 2023
- Price for Electric Oven and Cooker in the United States (FOB) - 2023
- Imports of Electric Oven and Cooker in the United States
- Exports of Electric Oven and Cooker in the United States
Price for Electric Oven and Cooker in the United States (CIF) - 2023
In October 2023, the average electric oven and cooker import price amounted to $57.0 per unit, picking up by 2.8% against the previous month. Overall, the import price, however, showed a noticeable slump. The growth pace was the most rapid in March 2023 when the average import price increased by 19% month-to-month. As a result, import price reached the peak level of $102 per unit. From April 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($455 per unit), while the price for China ($29.7 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Electric Oven and Cooker in the United States (FOB) - 2023
In October 2023, the average electric oven and cooker export price amounted to $257 per unit, shrinking by -6.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 29% against the previous month. Over the period under review, the average export prices hit record highs at $338 per unit in February 2023; however, from March 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Mexico ($271 per unit), while the average price for exports to Canada ($233 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electric Oven and Cooker in the United States
After three years of growth, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -21.2% to 35M units in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum at 44M units in 2021, and then reduced notably in the following year.
In value terms, electric oven and cooker imports expanded modestly to $2.5B in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Oven and Cooker in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 860 | 1,122 | 1,301 | 1,070 | 7.6% |
| Mexico | 232 | 253 | 389 | 534 | 32.0% |
| Thailand | 252 | 276 | 317 | 372 | 13.9% |
| Others | 277 | 264 | 429 | 508 | 22.4% |
| Total | 1,621 | 1,914 | 2,436 | 2,484 | 15.3% |
Top Suppliers of Electric Oven and Cooker to the United States in 2022:
- China (30.6M units)
- Thailand (1.5M units)
- Mexico (1.1M units)
Exports of Electric Oven and Cooker in the United States
After three years of growth, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -3.4% to 1.5M units in 2022. The total export volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 23%. Over the period under review, the exports reached the maximum at 1.6M units in 2021, and then fell in the following year.
In value terms, electric oven and cooker exports shrank modestly to $415M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of $423M, and then reduced modestly in the following year.
| Export of Electric Oven and Cooker in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 267 | 306 | 341 | 310 | 5.1% |
| Mexico | 8.3 | 8.0 | 12.8 | 18.6 | 30.9% |
| Australia | 5.1 | 5.2 | 4.3 | 7.4 | 13.2% |
| South Korea | 3.5 | 4.4 | 4.1 | 7.2 | 27.2% |
| Others | 58.8 | 49.8 | 60.8 | 71.6 | 6.8% |
| Total | 343 | 374 | 423 | 415 | 6.6% |
Top Export Markets for Electric Oven and Cooker from the United States in 2022:
- Canada (1232.1K units)
- Mexico (53.4K units)
- South Korea (26.8K units)
- Australia (24.1K units)
This report provides an in-depth analysis of the market for electric oven and cooker in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)
- Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use
- Prodcom 27512850 - Domestic electric grills and roasters
- Prodcom 27512870 - Domestic electric ovens for building-in
- Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In February 2023, the electric oven and cooker price was $85.6 per unit (CIF, US); a 6.2% increase compared to the month prior.
271
In February 2023, the price of electric water heaters was $63.8 CIF (US) per unit, a 15% increase from the previous month.
304
In August 2022, the average electric water heater import price amounted to $50 per unit (CIF, US) falling by -10.6% against the previous month.
492
U.S. electric water heater imports soared to a record $681M in 2021, increasing more than twofold over the past decade. Mexico, China and Canada remain the leading suppliers of water heaters to the U.S.
226
In May 2023, the price of the Domestic Toaster was $10.4 per unit (CIF, US), showing a decline of -5.3% compared to the previous month.
463
In April 2023, the domestic coffee machine price amounted to $35.2 per unit (CIF, US), with a decrease of -13.2% against the previous month.
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In value terms, smoothing iron imports skyrocketed to $12M in April 2023.
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In February 2023, the price of a microwave oven was $75.9 (CIF, US) - an 11% increase compared to the previous month.
346
In August 2022, the microwave oven price stood at $85 per unit (CIF, US), with a decrease of -7% against the previous month.
580
Despite global logistical tensions amid the sharp container shortage, the U.S. continues to boosts microwave oven imports. Last year, American purchases spiked by +16.3% to $1.6B, reaching the highest level ever. In the first seven months of 2021, American imports reached 12.9M units, exceeding last year’s 12.1M units over the same period. China dominates American imports, supplying 95% of the total volume. In 2020, Chinese shipments to the U.S. jumped by +29% y-o-y to 22M units, while Malaysia saw a 19%-decline in supplies. Chinese microwave ovens thus drive out Malaysian products from the American market.
